NAICS 53

Real Estate and Rental and Leasing in Phoenix-Mesa-Chandler, AZ

Metro Market Score 60.1 (Difficult), ranked #274 of 330 metros. 9,713 establishments, 47,478 jobs.

Metro Market Assessment

Metro Market Score 60.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Phoenix-Mesa-Chandler scores 60.1 on the Metro Market Score for real estate and rental and leasing, placing it in the bottom quartile. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration
92.4
LQ: 1.30
Rank #305 of 330 metros
Wage Competitiveness
93.9
$78,981 avg wage
Growth Trend
↑ 67.0
Employment growth index
Rank #110 of 330 metros
Wage Pressure
18.2
YoY wage change index

9,713 Real Estate and Rental and Leasing Firms in Phoenix-Mesa-Chandler

9,713
Establishments
+1.1% YoY
47,478
Total Employment
+2.5% YoY
$78,981
Average Annual Wage
+4.4% YoY
1.30
Location Quotient
Above national avg

Phoenix-Mesa-Chandler vs Arizona Statewide

How this metro's real estate and rental and leasing market compares to Arizona overall. The state ranks #46/51 for entry risk.

Measure Phoenix-Mesa-Chandler AZ Statewide
Overall Score 60.1 Difficult 52.4 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #274 of 330 metros #46 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Phoenix-Mesa-Chandler

Healthcare and Social Assistance 43.6 Other Services 49.6 Construction 55.5 Accommodation and Food Services 55.9 Retail Trade 58.7 Professional, Scientific, and Technical Services 62.3 Administrative and Support Services 66.5 Finance and Insurance 67.0 Information 73.1

Real Estate and Rental and Leasing in Other Arizona Metros

Yuma 24.6 #41/330 Lake Havasu City-Kingman 29.9 #68/330 Flagstaff 32.0 #80/330 Sierra Vista-Douglas 37.1 #113/330 Prescott Valley-Prescott 48.0 #202/330 Tucson 53.3 #241/330

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Phoenix-Mesa-Chandler's real estate and rental and leasing sector, the wage competitiveness component (93.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.